BRATISLAVA, Nov 27 (Reuters) - The Slovak crown was little
changed to the euro on Monday and dealers expected only minor
moves before the central bank's monetary policy meeting this
week.
The crown traded at 35.700 to the euro <EURSKK=> as of 0845
GMT, compared with 35.680 late on Friday.
The Slovak unit lost ground alongside other central European
currencies last week as investors took profits from steady gains
on markets in the region in the past month.
Dealers said they saw the crown moving between 35.600 and
35.800 in the near term as the market waited for a new impetus
from the central bank's rate setting meeting on Tuesday
The crown might weaken towards a psychological level of
36.000 per euro if the central bank (NBS) keeps the main
two-week repo rate unchanged at 4.75 percent, ING Bank said in a
market report.
The (NBS) will be weighing differing signals when deciding
on interest rates, such as the record strong economic growth of
9.8 percent in the third quarter, and slowing inflation.
Most analysts in a Reuters poll last week predicted no
change in interest rates in November, expecting the central bank
to wait to see whether the detailed GDP data, due out in
December, show rising demand-driven inflation risks.
----------------MARKET SNAPSHOT AT 0845 GMT-------------------
Crown/Euro <EURSKK=> 35.700 vs 35.680 on Friday (-0.06 pct)
Crown/Dollar <SKK=> 27.260250 vs 27.250 (-0.04 pct)
5-yr govt bond <SK5YT=RR> yield unchanged at 4.374/4.176 pct
8-yr govt bond <SK8YT=RR> yield 4.397/198 vs 4.357/158 pct
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((Reporting by Martin Santa, editing by Gerrard Raven; Reuters
Messaging: martin.santa.reuters.com@reuters.net; +40 21 315
8320))
Keywords: MARKETS SLOVAKIA CROWN MORNING